10 Stocks With At Least $20 Million In Insider Sales Recently

3. Cadence Design Systems, Inc. (NASDAQ:CDNS)

Highest Individual Sale: $28,876,810.00

Number of Sales Above $20 million: 1

Market Capitalization: $66.652 billion

The third stock among 10 with at least $20 million in insider sales recently is a provider of software and hardware services worldwide, Cadence Design Systems. With its offering, the San Jose, California-based technology company enables customers to design and develop electronic systems. Its products are often used in the aerospace, automotive and consumer electronics sectors. Some of the company’s leading platforms are Jasper, Xcelium, and Palladium.

The company delivered solid fourth-quarter and full-year results on February 18, with a record backlog of $6.8 billion. Revenue in the quarter was up 13.5% to $1.356 billion as diluted net income per share increased to $1.24 compared to $1.19 a year ago.

On January 6, the president and CEO at Cadence Design Systems sold $28.88 million worth of the company’s shares for $310.00 per share. Since the beginning of the year, the stock declined 20.41% and is now trading at $239.15 per share.

For the fiscal 2024, Cadence Design Systems disclosed revenue of $4.64 billion, which compares to revenue of $4.09 billion in the fiscal 2023. GAAP diluted net income per share amounted was $3.85, which compares to $3.82 per share in the prior year. For the fiscal year of 2025, the company projects revenue in the range of $5.14 billion to $5.22 billion, and GAAP diluted net income per share in the range of $4.19 to $4.29. This earning report placed the stock among the top 10 AI news Wall Street is paying attention to.

As per data from TipRanks, fourteen analysts have an average “Strong Buy” rating on Cadence Design Systems stock, with a price target of $325.46.